Gateway Loan Provides Financing to Rehab Beautiful Home in Benton Park West Neighborhood

Gateway -2821 Texas Before and After Large

Gateway provided an acquisition and rehabilitation loan for this single family home located on Texas Avenue in St. Louis City’s Benton Park West neighborhood. Historic tax credits were issued for the historic rehab of this home and Gateway’s loan was also used to bridge the financing of the tax credits since they are not issued until construction is complete and rehab costs are certified. For more information on Gateway’s lending products, please contact Jaycee Greene, Gateway’s Community Development Lender, at email hidden; JavaScript is required.

“Finding financial partners for single family St Louis City renovations can be difficult, particularly in developing areas. We are grateful to Gateway for partnering with us to provide the needed financing, which along with State Historic Tax Credits, is allowing us to rebuild the city one house at time.”

Jeff Mugg - Member, Delmar Properties Management and Construction

“We thank Gateway CDFI for collaborating with us on the Lemay Development Corp. urban planning project. Gateway was knowledgeable, professional, and engaging.”

Jeff Mugg - Vice President, St. Louis Design Alliance Architects